secwatch.observer — SEC 8-K summary
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Issuer:     Vita Coco Company, Inc. (COCO)
CIK:        0001482981
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001482981-22-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vita Coco Q3 net sales $124M (+7% YoY); gross margin 26.3% improves sequentially; FY22 guidance $422-427M net sales
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- Net sales $124M (+7% YoY); Vita Coco Coconut Water grew 14% with record revenue despite flavored SKU out-of-stocks.
- GAAP net income $7M ($0.13/diluted share) vs $13M ($0.24) in Q3 2021; adjusted EBITDA $12M vs $21M.
- Gross margin 26.3% improved 90+ bps sequentially, down from 33% YoY on higher transportation costs; Q4 margin expected to improve further.
- Full-year 2022 guidance: net sales $422-427M (11-12% growth), gross margin mid-20%’s, adjusted EBITDA $20-22M.
- Cash $21M, debt $10M on revolver; shares outstanding 55.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/0001482981-22-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482981/000148298122000069/coco-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001482981-22-000069

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